What is the Full Form of CEO
Full Form of CEO
The full form of CEO is “Chief Executive Officer”. A chief executive officer, also known as a central executive officer, chief administrative officer, or just chief executive, is one of several corporate executives charged with the management of an organization – especially an independent legal entity such as a company or nonprofit institution.
Who is CEO
A chief executive officer (CEO) also known as a central executive officer (CEO), chief administrative officer (CAO), or just chief executive (CE), is one of several corporate executives charged with the whole management of an organization or firm. – Especially an independent legal entity such as a company or nonprofit institution/organization. CEOs find roles in a range of organizations, including public and private corporation relations, non-profit organizations, and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors (MD) and is charged with maximizing the value of the business, which may include maximizing the share price of the company, market share, revenues, or other elements in the organization. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization’s mission, and vision, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Know more at Wiki
Full Form of CEO: Roles of CEO
CEOs are responsible for managing a company’s overall operations from end to end. This may include delegating and directing agendas, driving profitability, managing company organizational structure, agility, strategy, and communicating with the board. The role and responsibility of the CEO are to report directly to the MD (Managing Director) about the current situation of the company and also the types of ways/plans which will impact directly the organization’s structure and worth. The CEO of a corporation/company directly reports to the chairman or board of directors. He is responsible to make changes by applying policies and motivating the employees of the company. A lot of hard work, experience, and business networking are needed to become a CEO.
Full Form of CEO: Responsibilities
Above we have covered the full form of CEO. Now we are going to cover the responsibility of the CEO. The Company’s chairman or board of directors set many responsibilities for the CEO. Some of the CEO’s responsibilities are listed below.
- Makes major corporate decisions
- Makes the healthy working environment
- Motivates the employees of the organization
- Assigns responsibilities to its sub-ordinates
- Oversees fundraising planning and execution
- Recommends annual budget and wisely manages resources of the organization
- Assures the products or services of the organization are in line with the vision and mission of the organization.
- Assists in the selection of board members
- Makes a change in policies and strategy
- Leads all the operations of the organization
- Oversees the production, marketing, promotion, delivery, and quality of products and services
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